Rick’s Featured Trade Ideas

Today’s featured trade idea and my personal trade plan
TDOC | Bull Flag | Bullish Harami

SPY:  T-Line™ T-Line is in a Bullish position with the 34-ema (profit taking setting up)

Good Morning, Profit Traders,

Another day, another dollar, and the SPY closed higher.  There is no question that the SPY has entered overbought territory, and as of yesterday, no sell signal.  We all know that price can continue to move higher in overbought conditions as well as move lower in oversold conditions.  Being oversold or overbought is not a reason to buy a stock; on the other hand, price confirmation would be.  And this is why the Hit-And-Run Candlesticks team is watching price action so closely for hints of:  Not if a pullback signal is presented, but when a pullback signal is presented.  If the signal happens this week, I would suspect possible support to be around $210.70.

All the best to your trading success!
Rick | Hit and Run Candlestick Team
Trading knowledge ignites successful stock trading.

IWM:  T-Line™ Daily chart |Bulls in charge | Very overbought
SMH:  T-Line™ Daily chart |Bulls in charge  | Very overbought
IYT:  T-Line™ Daily chart |Remains on the dark side | Very overbought
VT: T-Line™ Daily chart |Bulls in charge
XME: T-Line™ Daily chart | Bulls in charge | Very overbought
USO:  T-Line™ Daily chart |Remains on the dark side
UUP:  T-Line™ Daily chart |Bulls in charge
VIX: T-Line™ Daily chart |Remains on the dark side | Price bounce
TNX-x: T-Line™ Daily chart |Remains on the dark side | Price bounce

Each day a trade idea list is posted in the members area that I believe are poised to move 10-20% (or more) within the next few days.  Please follow your trading rules for entry stops and profits. Remember to check for earnings!

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Keep your eye on the inverse ETF’s They trade well!
Investing and Trading involves significant financial risk and is not suitable for everyone. No communication or chat sessions should be considered as financial or trading advice. All information is intended for Educational Purposes Only.

VXX S&P 500 VIX Short Term Futures:  A close above the T-Line ™ implies the bullish short-term swing traders are in control.  A close below the T-Line ™ implies the bearish short-term swing traders are in control. 
Energy Sector: XLE, SX90, ERX, USO  A close above the T-Line ™  implies the bullish short-term swing traders are in control. A close below the T-Line ™ implies the bearish short-term swing traders are in control. 
SMH: A close above the  T-Line ™ implies the above short-term swing traders are in control. A close below the T-Line ™ implies the bearish short-term swing traders are in control. 
IYT: A close above the  T-Line ™ implies the above short-term bullish swing traders are in control. A close below the T-Line ™ implies the bearish short-term swing traders are in control. 
US Dollar Index: UUP, DXYO A close above the  T-Line ™  implies the bullish short-term swing traders are in control. A close below the T-Line ™ implies the bearish short-term swing traders are in control.  Learn more about the T-Line – Click Here
The information in this email and Blog Post are notes to myself and should NOT be construed as financial or trading advice.
Investing and Trading involves significant financial risk. No communication should be construed as financial or trading advice. All information provided is for Educational Purposes Only.
Investing and Trading involves significant financial risk and is not suitable for everyone. No communication or chat sessions should be considered as financial or trading advice. All information is intended for Educational Purposes Only.
http://hitandruncandlesticks.com Trading for Profit is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not tell or suggest which securities or currencies customers or subscriber should buy or sell. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here.